Parents Still Confised by Baby Bonds
Awareness of the scheme has grown, but confusion about eligibility remains
23rd March 2005
With the rollout of the Baby Bonds or Child Trust Fund scheme, many parents are still confused about how it works.
While awareness of the plan has doubled to 76% over the last year, according to a survey by the Association of Investment Trust Companies (AITC), a substantial number, 17%, of parents of children who are not eligible for the vouchers think they will be receiving them.
Other results of the survey showed that only around 10% of parents will be investing the vouchers in share-based accounts, with the reasons for not doings so given as being 'too risky', or that they didn't understand how the accounts work.
Around 80% of parents plan to top up the funds with payments of their own.
Read More: BBC Report
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More on Baby Bonds: Baby Bonds - An Introduction (Article, 20/12/2004), CTF Launch Underwhelms Parents (News, 01/06/2005), Estimated £300m Vouchers Not Yet Invested (News, 18/04/2005), CTF: No Options for Muslims (News, 07/02/2005), Baby Bonds - Official Launch (News, 11/01/2005), Major Fund Withdraws from Baby Bonds (News, 17/12/2004), See all 11 Baby Bonds stories >>> |
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